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The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue $100,000 Purchases (at cost) $44,600 Sales returns 2,000 Purchases
The records of Wildhorse's Boutique report the following data for the month of April. Sales revenue $100,000 Purchases (at cost) $44,600 Sales returns 2,000 Purchases (at sales price) 87,600 Markups 10,900 Purchase returns (at cost) 2,000 Markup cancellations 1,500 Purchase returns (at sales price) 2,900 Markdowns 8,500 29,200 Beginning inventory (at cost) Beginning inventory (at sales price) Markdown cancellations 2,700 48,400 Freight on purchases 2,300 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $ eTextbook and Media Attempts: 1 of 3 used Save for Later Submit Answer Send to Gradebook
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